Remittance advices, also known as remittance advice statements or payment explanation statements, are documents provided by insurance companies or third-party payers to healthcare providers or medical billing companies. These documents serve as a communication and payment notification for the healthcare services that have been processed and paid by the payer. Remittance advices provide detailed information […]
Articles Tagged: COB
What is Coordination of Benefits (COB) in Medical Billing?
Coordination of Benefits (COB) is a process used in medical billing to determine the primary and secondary insurance coverage for an individual who has multiple health insurance plans. When a person is covered by more than one insurance plan, COB ensures that the total benefits paid by all the plans do not exceed the actual […]